In any production process the marginal product of labor equals a. Change in total output divided by ...

Author Question: In any production process the marginal product of labor equals a. Change in total output divided by ... (Read 96 times)

Kthamas

Hero Member
Posts: 546

on: Jul 1, 2018

In any production process the marginal product of labor equals
a. Change in total output divided by change in labor input
b. Total output divided by total input
c. Total output
d. None of the above

Question 2

Marginal revenue (MR) is ____ when total revenue is maximized.
a. greater than one
b. equal to one
c. less than zero
d. equal to zero
e. equal to minus one

tanna.moeller

Sr. Member
Posts: 328

Reply #1 on: Jul 1, 2018

Answer to Question 1

a

Answer to Question 2

d

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.